Korean firms are searching for ways to cut down their reliance on China. [SHUTTERSTOCK] Korean firms' dependency on the Chinese market in 2022 dropped to a third of 2016 levels as economic and political uncertainties took their toll. The percentage of sales by China-based production units of Korean car, electronic parts, steel and construction materials companies, which account for 33 percent of the Kospi's market capitalization, made up 5 percent of the firms' sales, according to market tracker FnGuide.

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